Student Debt
"Daily Finance" Senior Features Writer Bruce Watson joins Marc to explain the student debt crisis.
The current pause on federal payments is set to expire in a few weeks.
The administration will make a decision about using executive action to cancel student debt before payments resume, the White House chief of staff said.
Navient reached the agreement with state attorneys general to settle claims of predatory lending.
WHAT'S HAPPENING
The payments are set to resume at the end of September unless the White House acts.
The Biden administration is approving 18,000 loan forgiveness claims from former students of ITT Technical Institute.
The senator and Rep. Pramila Jayapal are introducing legislation modeled after President Biden’s campaign proposals.
The action targets a loan forgiveness program that aims to help people with disabilities but that critics say carries overly burdensome rules.
The $1.9 trillion stimulus package dramatically expands tax credits for families, bolsters unemployment benefits and reduces taxes on student loan debt.
Top Democrats are urging the president to go big. He's not so sure.